Evergy, Inc. (NYSE:EVRG) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in Evergy, Inc. (NYSE:EVRG) by 59.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,017 shares of the company’s stock after purchasing an additional 42,480 shares during the quarter. Toronto Dominion Bank’s holdings in Evergy were worth $6,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EVRG. Point72 Asset Management L.P. boosted its holdings in shares of Evergy by 1,038.7% in the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after acquiring an additional 3,294,967 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Evergy during the 2nd quarter worth $112,464,000. Zimmer Partners LP grew its position in Evergy by 781.4% during the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after purchasing an additional 2,062,434 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Evergy in the fourth quarter valued at $89,832,000. Finally, Vanguard Group Inc. raised its holdings in shares of Evergy by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after buying an additional 1,399,199 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The sale was disclosed in a filing with the SEC, which is available at this link. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,884 shares of company stock valued at $941,810. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EVRG. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Barclays upped their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Evergy Stock Performance

Shares of EVRG stock opened at $61.94 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of $59.32 and a 200-day simple moving average of $55.29. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.58.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.81 earnings per share. On average, equities analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 83.17%.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.